NVIDIA Corporation (NASDAQ:NVDA) Position Reduced by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,486 shares of the computer hardware maker's stock after selling 22,009 shares during the quarter. NVIDIA accounts for 5.5% of Jackson Square Capital LLC's investment portfolio, making the stock its 2nd biggest position. Jackson Square Capital LLC's holdings in NVIDIA were worth $16,960,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the transaction, the chief executive officer now owns 75,723,225 shares in the company, valued at $10,923,832,438.50. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president now owns 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,792,267 shares of company stock worth $544,823,117 over the last quarter. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

NVIDIA Stock Up 1.8%

Shares of NVIDIA stock opened at $157.75 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71. The company has a 50-day simple moving average of $130.96 and a two-hundred day simple moving average of $126.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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